Chubb Limited (NYSE:CB) Shares Acquired by Concord Asset Management LLC VA

Concord Asset Management LLC VA increased its position in Chubb Limited (NYSE:CB - Free Report) by 45.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,906 shares of the financial services provider's stock after purchasing an additional 2,147 shares during the quarter. Concord Asset Management LLC VA's holdings in Chubb were worth $1,992,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors lifted its holdings in Chubb by 44.4% during the first quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider's stock worth $1,739,625,000 after buying an additional 2,064,730 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Chubb by 28,885.3% during the 3rd quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider's stock worth $2,696,640,000 after purchasing an additional 931,841 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Chubb by 4,559.3% in the third quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider's stock valued at $243,641,000 after purchasing an additional 826,700 shares during the last quarter. Capital World Investors raised its holdings in Chubb by 6.6% in the first quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider's stock worth $2,849,677,000 after purchasing an additional 685,677 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of Chubb by 14.8% during the first quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider's stock valued at $918,294,000 after buying an additional 457,881 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Chubb

In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the business's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the sale, the executive vice president now owns 44,632 shares of the company's stock, valued at $12,187,213.92. The trade was a 8.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the firm's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now owns 553,664 shares of the company's stock, valued at approximately $160,341,094.40. This represents a 5.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 86,636 shares of company stock worth $24,874,208 in the last quarter. Company insiders own 0.86% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on CB. Piper Sandler boosted their price objective on shares of Chubb from $281.00 to $305.00 and gave the stock an "overweight" rating in a research note on Friday, October 4th. JMP Securities increased their price objective on Chubb from $300.00 to $325.00 and gave the company a "market outperform" rating in a report on Wednesday, October 30th. Royal Bank of Canada upped their target price on Chubb from $285.00 to $295.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. Barclays started coverage on Chubb in a research note on Wednesday, September 4th. They set an "overweight" rating and a $349.00 price target on the stock. Finally, Bank of America increased their price target on shares of Chubb from $275.00 to $282.00 and gave the stock an "underperform" rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Chubb currently has an average rating of "Hold" and a consensus price target of $287.37.

Chubb Price Performance

Shares of Chubb stock traded up $1.07 during trading hours on Friday, reaching $288.00. 1,794,866 shares of the company's stock were exchanged, compared to its average volume of 1,517,017. The business has a fifty day moving average of $287.84 and a two-hundred day moving average of $273.21. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $116.09 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 6.71 and a beta of 0.67. Chubb Limited has a 1 year low of $216.90 and a 1 year high of $302.05.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts' consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter in the prior year, the firm earned $4.95 EPS. Chubb's quarterly revenue was up 5.5% on a year-over-year basis. As a group, research analysts predict that Chubb Limited will post 21.77 earnings per share for the current fiscal year.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.